Global Textured Pea Protein Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

12 Nov, 2021

The textured pea protein market consists of sales of textured pea proteins by entities (organizations, sole traders, and partnerships) that are extracted from peas to create high-protein, plant-based meat substitutes. It is a naturally gluten-free and soy-free product with a pleasant taste and texture, offering it as an ideal complement to popular ingredients in a variety of applications. Textured pea protein is non-GMO and has low allergenicity which makes it a great alternative to wheat and soy products.

Global Textured Pea Protein Market Size And Drivers:

The global textured pea protein market is expected to grow from $418.43 million in 2020 to $471.96 million in 2021 at a compound annual growth rate (CAGR) of 12.8%. The growth of the textured pea protein market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The textured pea protein market is expected to reach $673.37 million in 2025 at a CAGR of 9.3%. The rising consumer interest in plant-based protein is contributing to the growth of the textured pea protein market.

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Trends In The Global Textured Pea Protein Market

The launch of organic pea protein isolate is an emerging trend in the textured pea protein market. Major companies operating in the textured pea protein sector are focused on introducing organic pea protein to meet the consumer demand for organic protein products. For instance, in November 2019, Ingredion Incorporated, a US-based food company launched Vitessence Pulse 1803 organic pea protein isolate for use in alternative meat and dairy products, nutritional and sports bars, baked meals, baking ingredients, powdered and ready-to-drink beverages. The component has a smooth & creamy texture with a flavor that is mild in raw and green flavors and it contains at least 80% protein.

Global Textured Pea Protein Market Segments:
The global textured pea protein market is further segmented –
By Product Type: Yellow Peas, Green Peas
By Nature: Organic, Conventional
By Processing Type: Dry Processing, Wet Processing
By End Use: Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition, Cosmetic And Personal Care, Others
By Geography: The global textured pea protein market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Textured Pea Protein Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides textured pea protein market overviews, analyzes and forecasts market size and growth for the global textured pea protein market, textured pea protein market share, textured pea protein market players, textured pea protein market segments and geographies, textured pea protein market’s leading competitors’ revenues, profiles and market shares. The textured pea protein market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.